Category: RAMS

Reserve Bank Keeps Interest Rates On Hold at 1.50%

  Septembers 2018 meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. We have seen Westpac, St. George, RAMS, Bank of Melbourne, Suncorp, Adelaide Bank and Bendigo Bank announced out of cycle variable interest rate rises in the last couple of weeks. We expect other lenders to
Read More

Westpac, St, George, Bank of Melbourne RAMS Increase Interest Rates by 0.14%

Westpac along with is subsidiaries St George Bank, Bank of Melbourne, Bank SA and RAMS home loans increased interest rates by 0.14% The bank said that it will increase the interest rate for its variable rate home and investment loans from September 19th. Westpac claimed increased cost in wholesale lending costs. I expect other banks
Read More

Residential Loan Update June 2018

The month of June saw Reserve Bank of Australia (RBA)  keep the cash rate on hold at 1.5%. We have noticed that the bank and other lenders have established their interest rate offerings with some banks offering variable rates as low as 3.59% and fixed rates as low as 3.58% However, banks and other lenders are continually
Read More

No Surprise. Interest Rates On Hold April 2018

April 2018 meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. Banks and other lenders are continually reviewing their variable and fixed interest rates for both home loans, investment loans and commercial finance. We will keep you updated on any changes that may occur in the next
Read More

Melbourne Cup Day – Interest Rates Remain Unchanged

Today’s Melbourne Cup day meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. We have noticed that most of the major banks have halted their increases of variable rate loans for interest only and investment loans for now. At Smart Search Finance we continually monitor lenders for
Read More

July Interest Rates Unchanged at 1.50%

Today’s June meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. While the economists keep changing their mind on the economic future of the country, one this is for certain is that banks are forced to make lending for difficult for borrowers that seek interest only loans and property investment
Read More